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Oriental Rise Holdings Priced, Nasdaq: ORIS

Vertically-integrated tea producer in China.

Industry: Consumer Staples

Latest Trade: $1.41 0.00 (0.0%)

First Day Return: +50.0%

Return from IPO: -64.8%

Industry: Consumer Staples

We are an integrated supplier of tea products in mainland China. Our major tea products include (i) primarily-processed tea consisting of white tea and black tea, and (ii) refined white tea and black tea. “Primarily-processed tea” refers to fresh tea leaves that have been roughly processed by initial steps including picking, wilting, drying and grading. “Refined tea” refers to primarily-processed tea that is subjected to additional processing including sifting, removal of branches and stalks, compressing, drying and packaging. Our business operations are vertically integrated, covering cultivation, processing of tea leaves and the sale of tea products to tea business operators (such as wholesale distributors) and end-user retail customers in mainland China. We believe our vertically integrated business model distinguishes us from other primarily-processed tea and refined tea suppliers in mainland China, most of which are mainly engaged in only distinct parts of the value chain of cultivation, processing and sales of primarily-processed tea and refined tea. The tea gardens we operate are located in Zherong County, Ningde City in Fujian Province of mainland China. As of the date of this prospectus, we have entered into contractual management and cultivation rights agreements with respect to approximately 7,212,000 square meters of tea gardens in Fujian Province. According to the CIC report, Fujian accounts for approximately 67.2% of the total production volume of white tea in mainland China in 2021.
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IPO Data
IPO File Date 10/13/2023
Offer Price $4.00
Price Range $4.00 - $4.00
Offer Shares (mm) 1.8
Deal Size ($mm) $7
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 10/16/2024
Offer Price $4.00
Price Range $4.00 - $4.00
Offer Shares (mm) 1.8
Deal Size ($mm) $7
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Tiger Brokers
Company Data
Headquarters Ningde, China
Founded 2008
Employees at IPO 72

Oriental Rise Holdings (ORIS) Performance